CSDInvesco S&P Spin-Off ETF
CSD Fund Description
CSD tracks an index of mostly large- and midcap US equities that have broken away from their parent firms in the last 4 years.
CSD Factset Analytics Insight
CSD offers niche equity exposure to spin-offs. The idea: A firm spun off from a larger parent has a singular focus on its core business, rather than being a rudderless component of a larger whole. Its S&P index uses a 4-year look back, and names can be added immediately once the monthly reconstitution rolls around. Single-name exposure can be concentrated up to 7% at rebalance. CSD pulls from a broad US index (not from the S&P 500) but screens out smaller firms with a minimum $1B market-cap screen. It applies no additional selection screens, however, thus offering reasonably pure-play exposure to its narrow thesis. Note: Prior to May 20, 2016, CSD tracked the Beacon Spin-off Index, which used different time horizons and had a growth-oriented multi-factor selection process. The change was material but the spin-off thesis remains the same.
CSD MSCI ESG Analytics Insight
Invesco S&P Spin-Off ETF has an MSCI ESG Fund Rating of A based on a score of 6.00 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P Spin-Off ETF ranks in the 45th percentile within its peer group and in the 75th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
CSD MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
CSD Portfolio Data
CSD Index Data
CSD Portfolio Management
CSD Tax Exposures
CSD Fund Structure
CSD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CSD. CSD is rated a 4 out of 5.
CSD Sector/Industry Breakdown
CSD Economic Development
CSD Performance Statistics
CSD MSCI ESG Ratings
CSD Benchmark Comparison Summary
CSD Benchmark Comparison Market Cap Size